Raymond James (RJF) HR chief converts RSUs, withholds shares for taxes

Rhea-AI Filing Summary

Raymond James Financial Chief Human Resources Officer Christopher S. Aisenbrey reported equity award activity tied to restricted stock units. On February 28, 2026, he acquired 600 shares of common stock at $0.00 per share through the exercise/conversion of 600 restricted stock units, which vest in tranches through February 28, 2027. To cover associated tax obligations, 132 common shares were disposed of at $153.08 per share, described as a payment of tax liability by delivering securities rather than an open-market sale. After these transactions, he directly owned 17,490 common shares and indirectly held 734 common shares through his Employee Stock Ownership Plan account.

Insider Trade Summary

600 shares exercised/converted

Mixed 4 txns

Insider Aisenbrey Christopher S

Role Chief Human Resources Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	600	$0.00	--
Exercise	Common Stock	600	$0.00	--
Tax Withholding	Common Stock	132	$153.08	$20K
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 600 shares (Direct); Common Stock — 17,622 shares (Direct); Common Stock — 734 shares (Indirect, ESOP)

Footnotes (1)

1. Each Restricted Stock Unit (RSU) represents a contingent right to receive, upon vesting of the award: (i) one share of common stock, and (ii) accrued cash in lieu of dividends. Includes shares of common stock acquired under the reporting person's Employee Stock Ownership Plan (ESOP) account through February 27, 2026. RSUs vested 60% on 2/28/2025, 20% on 2/28/2026, and will vest 20% on 2/28/2027.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Aisenbrey Christopher S

(Last) (First) (Middle)

880 CARILLON PARKWAY

(Street)

ST. PETERSBURG FL 33716

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
RAYMOND JAMES FINANCIAL INC [ RJF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Human Resources Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/28/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/28/2026		M		600	A	$0(1)	17,622	D
Common Stock	02/28/2026		F		132	D	$153.08	17,490	D
Common Stock								734(2)	I	ESOP

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	02/28/2026		M			600	(3)	02/28/2027	Common Stock	600	$0.0000	600	D

Explanation of Responses:

1. Each Restricted Stock Unit (RSU) represents a contingent right to receive, upon vesting of the award: (i) one share of common stock, and (ii) accrued cash in lieu of dividends.

2. Includes shares of common stock acquired under the reporting person's Employee Stock Ownership Plan (ESOP) account through February 27, 2026.

3. RSUs vested 60% on 2/28/2025, 20% on 2/28/2026, and will vest 20% on 2/28/2027.

Remarks:

This Form 4 reports (i) the partial vesting of RSUs awarded to the reporting person and (ii) a disposition by the reporting person to the issuer to cover the tax liability in connection with such vesting.

	/s/ Christopher S. Aisenbrey by Jonathan J. Doyle as Attorney-in-Fact	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did RJF executive Christopher Aisenbrey report?

Christopher Aisenbrey reported exercising restricted stock units into 600 Raymond James Financial (RJF) common shares and disposing of 132 shares to satisfy tax obligations. These transactions reflect equity award vesting and related tax withholding, not an open-market share purchase or sale.

How many Raymond James Financial (RJF) shares does Aisenbrey now hold?

After the reported transactions, Christopher Aisenbrey directly holds 17,490 Raymond James Financial (RJF) common shares. He also indirectly holds 734 common shares through his Employee Stock Ownership Plan account, reflecting accumulated ESOP acquisitions through February 27, 2026, as disclosed.

Were Christopher Aisenbrey’s RJF transactions open-market buys or sells?

The filing shows no open-market buys or sells of Raymond James Financial (RJF) stock. Shares were acquired via exercise/conversion of restricted stock units, and 132 shares were disposed of solely to pay tax liabilities by delivering shares, a common equity-compensation mechanism.

What do the restricted stock units mean for RJF executive compensation?

Each restricted stock unit granted to Christopher Aisenbrey represents a contingent right to receive one RJF common share plus accrued cash in lieu of dividends upon vesting. The units vest 60% in 2025, 20% in 2026, and 20% in 2027, aligning compensation with long-term share performance.

How are RJF shares in Aisenbrey’s ESOP account treated in the filing?

The filing states that Aisenbrey’s indirect holdings include RJF common shares acquired under his Employee Stock Ownership Plan account through February 27, 2026. These ESOP shares are reported as indirect ownership, separate from his directly held common stock position after the Form 4 transactions.